Form 4: Akamai Technologies EVP Mani Sundaram Reports Stock Transactions

Mani Sundaram, EVP and GM Security at Akamai Technologies, reports transactions involving common stock and restricted stock units.

Summary

• Mani Sundaram, an EVP and GM Security at Akamai Technologies, filed a Form 4 detailing changes in beneficial ownership.
• On February 19, 2025, Sundaram exercised TSR Restricted Stock Units (RSUs) to acquire 1,399 shares of common stock.
• Also on February 19, 2025, Sundaram exercised Performance Restricted Stock Units (RSUs) to acquire 9,631 shares of common stock.
• Sundaram disposed of 591 shares of common stock at a price of $99.32.
• Sundaram disposed of 2,882 shares of common stock at a price of $99.32.
• Following these transactions, Sundaram directly owns 0 shares of common stock and indirectly owns 24,424 shares through The MMMM Family Living Trust.
• Sundaram also indirectly owns 0 TSR Restricted Stock Units and 0 Performance Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in the technology industry.

Comparison to Industry Standards

• Executive stock transactions are a normal part of compensation in publicly traded companies like Akamai.
• Similar filings are regularly made by executives at comparable companies such as Cloudflare, Fastly, and Amazon.
• The vesting conditions of the RSUs (total shareholder return and financial performance) are standard performance-based compensation mechanisms.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely negligible given the overall volume of Akamai's stock.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Akamai Technologies, Mani Sundaram, AKAM